Commercial Loan Specialist (Full Time) - Plano Ops

External Applicants: Please apply through Prosperity Bank's Career Center at https://www.prosperitybankusa.com/Careers. Applying through any other source may prevent Prosperity from receiving your application. 

Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP. Prosperity Bank is an Equal Opportunity Employer.

POSITION PURPOSE

Performs the daily functions associated with the ordering and review of commercial loan documents, booking and funding complex commercial loans while ensuring compliance with state and federal regulations, and Prosperity Bank policies and procedures.  Supports the lending staff (CRE, Middle Market, Professional and Entrepreneurial, Corporate/Energy and/or Commercial Lending) in a centralized environment.  Interacts with lenders, borrowers, underwriters and credit analysts, Underwriting, Information Technology, Compliance, Audit, and other departments as well as outside vendors such as attorneys, title companies and insurance companies.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

1. Maintains a thorough knowledge and understanding of Prosperity Bank policies, procedures, guidelines, and philosophies. 
2. Knowledgeable of all aspects of commercial loan documentation, understanding legal entities and loan documents such as Notes, Security Instruments, Loan Agreements, etc.
3. Reviews LaserPro and attorney prepared documents prior to booking and funding to ensure loan stipulations on the Loan Approval and Credit Memorandum are met
4. Works with Loan Officers, borrowers, title companies and/or attorneys in closing and funding of loans
5. Reviews title policies to ensure accurate legal description, loan amount, and acceptable exceptions; may prepare loan closing instructions for title company closings
6. Determines proper loan system coding (e.g., product type, collateral codes, call codes, etc.) and books loans on the core system
7. Funds loans accurately and ensures financial transactions balance each day.
8. Provides top quality service to lenders and lending staff, while meeting service guarantees
9. Provides documentation expertise to the team, assisting others with interpreting complex loan documents
10. Works routinely with senior lenders and upper management
11. Follows all compliance policies and procedures, OCC rules and regulations, state and federal laws governing responsibility area of lending
12. Completes annual compliance testing/training/certification on time
13. Provides technical assistance and policy guidance to team members as needed
14. Performs other duties, tasks and special projects as required, assigned, or directed

The above statements describe the general nature and level of work only.  They are not an exhaustive list of all required responsibilities, duties, and skills.  Other duties may be added, or this job description amended at any time.

QUALIFICATIONS

Education/Certification: High School diploma, GED or equivalent.  Associate degree preferred

Required Knowledge:        

Experience Required: A minimum of 5 years current loan document review and closing experience including two key lending areas such as Corporate/Energy, CRE, C&I, Entrepreneurial, Middle Market, etc.  Experience with Participations and Syndications is a plus.

Skills/Abilities: Detailed organizational skills and the ability to multi-task

                           Strong interpersonal skills, effective verbal, and written communication skills, and a positive customer service attitude. 

                           Communicate effectively with co-workers, external professionals and management.

                           Disciplined self-starter requiring little supervision

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.

Average Hearing: Able to hear average or normal conversations and receive ordinary information.

Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers.

Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery.

Physical Strength: Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally. (Almost all office jobs.)

WORKING CONDITIONS

None: No hazardous or significantly unpleasant conditions (such as in a typical office).

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Reasoning Ability: Ability to read and interpret documents such as policies, procedures, rules, and instructions, and the ability to write correspondence and other documents.

Mathematics Ability: Ability to calculate figures and amounts such as rates, interest, and percentages

Language Ability: Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Must possess the ability to deal with problems involving several concrete variables in standardized situations.